|
Tritax Big Box REIT PLC on Monday will tell investors it has the potential to deliver earnings growth of 50% in the medium-term. The London-based real estate investment trust said the investor seminar on Monday will focus an update on ongoing asset management initiatives, the ‘significant’ growth opportunities within its logistics development programme and in data centres, and prevailing market conditions for both logistics and data centres. Tritax Big Box said it has the potential to grow adjusted earnings by 50% by the end of 2030. This is supported by three key growth drivers. First, record rental reversion within its investment portfolio of both big box and urban logistics assets, with the potential to add £79 million to contracted rent. Second, a significant logistics development pipeline with the potential to add over £320 million to contracted rent. Third, exceptional returns from large-scale pre-let data centre opportunities with the initial two schemes providing the potential to add £58 million of contracted rent. Underpinning this growth is an ‘efficient cost structure, strong balance sheet and limited and gradual increases in financing costs’, the firm added. Shares in Tritax Big Box REIT were 1.8% higher at 150.80 pence each in London on Monday. Chief Executive Colin Godfrey said: ‘Today’s investor seminar provides the platform to showcase the significant growth opportunities our strategic focus creates. With record rental reversion, an attractive logistics development pipeline and, thanks to our innovative power-first approach, the potential for major data centres, it is both the breadth and scale of our opportunity which is unique in UK real estate. These factors combine to give us the ability to grow adjusted earnings by 50% by the end of 2030 and deliver superior risk-adjusted returns to shareholders.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
